The 1987–88 Winnipeg Jets season was the 16th season of the Winnipeg Jets, their ninth season in the National Hockey League. The Jets placed third in the Smythe to qualify for the playoffs. The Jets lost to the Edmonton Oilers in the first round.

On June 5, 1987, the Jets traded away Perry Turnbull to the St. Louis Blues in exchange for a fifth round draft pick in the 1987 NHL Entry Draft. Turnbull had an injury plagued 1986-87 season, scoring a goal and six points in 26 games. From 1984-86, he had back-to-back 20+ goal seasons in his first two years with Winnipeg.